CORPORATIONS: Revolt in l.T.& T.

Hawk-nosed, hawk-fast Sosthenes Behn has run International Telephone & Telegraph Corp. pretty much as a one-man show. Undisputed boss of the world-straddling empire he helped found, he has remained so by moving faster than bosses of governments. In 1941, just a few days before the Nazis moved in, Behn sold l.T. & T's telephone-operating subsidiary in Rumania to the government at a handsome profit. He sold out in Argentina last year for $95 million (TIME, Sept. 16, 1946), and he got $88 million in cash and bonds for l.T. & T. properties in Spain.

Last week, it looked as if wily...

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